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Subsequent Events
3 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
 
Cross-Currency Swaps Settlements

On April 18, 2017, the Company cash settled three cross currency swaps (notional values of 111 million AUD, 150 million GBP and 35 million CAD) at a favorable cash settlement value of $90 million.

Debt Refinancing

On April 26, 2017, the Company refinanced its $4.2 billion U.S. dollar-denominated senior secured term loan due March 2021 through new and existing lenders to provide approximately $4.2 billion of U.S. dollar-denominated senior secured term loans due April 2024. The senior secured term loan due April 2024 bears interest at a rate of LIBOR plus 250 basis points or a base rate plus 150 basis points. In connection with this transaction, the Company will record approximately $6 million in loss on debt extinguishment and expense of approximately $5 million in debt issuance costs.


2017 Acquisition

On May 1, 2017, the Company acquired Acculynk, a leading technology company that delivers eCommerce solutions for debit card acceptance. The acquisition provides access to Acculynk's PaySecure debit routing technology and its range of other services. The purchase price was approximately $85 million and Acculynk related operations will be reported as part of the Company's Global Business Solutions segment.